Inquiry Into Tech Giants’ Tax Strategies Nears End
By CHARLES DUHIGG and DAVID KOCIENIEWSKI
Companies like Apple have drawn scrutiny because of their penchant for shifting profits overseas, resulting in low American tax bills.
Executives made frequent trips to Washington to press their case in an antitrust inquiry, laying out legal arguments and applying lessons from Microsoft’s bruising 1990s battle.
A finding by the Federal Trade Commission that Google had not broken the law by highlighting its own services in search results could strengthen the firm’s already dominant position.
Companies like Apple have drawn scrutiny because of their penchant for shifting profits overseas, resulting in low American tax bills.
The company's Nook unit suffered a 12.6 percent decline in sales compared with the same period a year earlier, a blow to its hopes of building up its digital division to compete with behemoths like Amazon.com.
Comptroller Thomas P. DiNapoli, who is the trustee of the New York State pension fund, a major holder of Qualcomm stock, expressed worry over the risks of large contributions.
The satellites, which orbit Earth to relay phone calls and broadcast television programs, will become legal for civilian export under legislation signed into law by President Obama.
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If the Federal Aviation Administration does not re-evaluate its ban on device use during takeoff and landing, someone will be hurt, but not because of interference with the plane's avionics.
The Pogies celebrate ingenious features that made it past the lawyers, through the penny-pinching committees and into real-world gadgets.
Market data provided by Reuters. Copyright 2008 Reuters.
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